Prepare a selling and administrative expense budget

Assignment Help Accounting Basics
Reference no: EM131749895

During November, Olcor Construction Corporation production budget showed 6,000 units to be produced, and its sales budget showed 6,200 units to be sold. The following selling and administrative expenses were budgeted for November, 2017:

Corporate depreciation
$24,000
Corporate insurance
$31,000
Office salaries
$27,000
Customer delivery costs
$18,000
Variable administrative supplies
$4.30 per unit
Corporate rent
$33,000

Required: Prepare a selling and administrative expense budget for November.

Reference no: EM131749895

Questions Cloud

What is the expected net present value of small plant : Suppose that you make the decision to build a small plant and market conditions have changed so that you now face the decision tree.
Financial obligation to its employees : According to the reading, the company has a financial obligation to its employees. The issue of organizations having the ability to pay the employees
Opinion of the maryland court of appeals : Read the 2007 opinion of the Maryland Court of Appeals in the case of Barrie School v. Patch. Do you agree with the Court that this was a valid liquidated
Do you see evidence of growth strategies and new products : Describe the external environment variables (e.g., economic, technological, sociocultural etc) would affect your firm and its strategy? How?
Prepare a selling and administrative expense budget : Prepare a selling and administrative expense budget for November
Describe the rmf and how it relates to the cia concepts : Describe the RMF and how it relates to the CIA concepts and expands on them. Explain how this framework is used to address the need to protect information
Diversity of information systems to support : Healthcare organizations utilize a diversity of information systems to support and enhance the delivery of care to their patients.
Discuss implement an aggressive long-term strategy : Firm HR is about to implement an aggressive long-term strategy consisting of three phases. It is crucial to the success of the strategy that the IRS accepts
Draw a detailed decision tree for the given problem : Assume that the federal government just announced plans to build a new embassy in France, and is asking individuals in the architectural community to submit.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Calculates the annual amount of amortization

Prepare an excel worksheet with 3 tabs. A fair value allocation that shows the calculation of goodwill relative to the acquisition, and calculates the annual amount of amortization. (Hint: not all of the goodwill on Polly Co.'s balance sheet relat..

  Company is open 7 days a week and has a daily payroll of

1.company is open 7 days a week and has a daily payroll of 1750. employees are paid every friday december 31 is a

  Assuming that the equipment was sold on january 2 2008

equipment acquired on january 3 2005 at a cost of 147500has an estimated useful life of eight years and an

  Perform an internet search using the term break-even

perform an internet search using the term break-even analysis. select and read a case study or article from the results

  The accrual -basis net income was 107000 in computing net

the accrual -basis net income was 107000. in computing net income the company recorded 12600 of depreciation expense

  What level of sales is needed for a monthly profit of

1. beach rentals has estimated that fixed costs per month are 79200 and variable cost per dollar of sales is 0.52.a

  The partnership of cox and cohen paid

The partnership of Cox and Cohen paid the following ages during this year:

  Roverplus a pet product superstore is considering pricing a

roverplus a pet product superstore is considering pricing a new roverplus labeled dog food. the company will buy the

  General journal entry for the cash purchase

Prepare CPA's general journal entry for the cash purchase of CMA's net assets. Do not use implied fair value.

  Company about using the collection agency

Given this, what recommendation(s) would you make to the credit card company about using the collection agency?

  Create a financial statement or document that a business

create a financial statement or document that a business might use to account for losses damaged goods and stolen

  Company manufactures a product that sells for 175 perunit

company manufactures a product that sells for 1.75 perunit. management recently finished analyzing the results of the

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd